No changes have been made to the pension plan in YEARS other than the annuity announced a month or so ago. Once again, you just don't have a clue about benefits. You can draw your tradional any year between 55 and 60. You lose 3% for any year you start before 60. 60 has always been the full pension.
You just verified my point with your EDIT
No. It won’t be that way for y’all. If you're going to stay, you have to invest in 401ks and other investments for your retirement. The little you get in Portable Pension won’t be enough to live on when you’re retired.
LOL
A 6 figure Portable Pension and a 401k that offers some excellent and profitable options.
On the plus side you'll reach top out in 9 years while many of us got strung along at low pay for 15 years or more. Be sure to at least get the match on your 401k, and as your pay goes up put more in. Over time you'll have a nice nest egg, and probably a good deal more than the portable pension. One of the plusses of the portable is you can take a lump sum. Pay off your bills and be debt free in retirement. Might as well settle in for the long haul. Or go get training in something that pays. Or get on with UPS if you believe in the long run they'll still have a generous pension in 30 years. Market forces make me doubt that.
Neither is the traditional. I had 25 years in the traditional and will get about $2000 a month, depending on how I take it. I can't live on 2k unless I want so sleep in a tent like Tex. I wasted several years after 25 in the Traditional because that was the max years. If I had 25 more years in my Portable, I imagine I would be sitting on 300k, maybe more. That is drawing 4% annually. Personally I would rather have 300k drawing 4% than getting $2000 a month.
The place is literally in the middle of nowhere. Right of I80. Really only one way in and out. Have fun!!
And once again, your reading comprehension fails you. I clearly said that you can take your Portable Pension with you if you quit the company regardless of age. If one chooses to retire from FedEx and take a monthly payment, they have to be of a certain age.
Maybe he’ll drive off a cliff.
Like I told you. I already made some calls.Maybe he’ll drive off a cliff.
Wuuuttt???? Are you saying you made a mistake? The hell you say, Earl.
My hero! Lol.
Let’s just say you owe me.....
Sounds like you admire him committing insurance fraud. SMH.
Let’s just say you owe me.....
Isn't 4% of $300k $12k annually or $1000 a month? How's that better than $2000 a month? At the rate of increase most couriers will never see $300k in their portable pension. Probably won't see $200k unless they move into management and stay until their late 60's.
In a very nice room in Osh, Kyrgyzstan currently. Have excellent wifi, watch Dish satellite on my tablet, and Netflix. Costs $150 a month. Have a great cafeteria around corner where lunch costs between $3 and $4. A little further is an excellent Italian restaurant that also has great steaks. Great T-bone dinner runs about $8.50. And my wife is making me come home at the end of August.
